O'Donnell Law Center : Lake of the Ozarks

Having a will isn’t just important during uncertain times, it is important during every season, phase, and transition in adult life. We’ve blogged about the stats before, but in short, it’s staggering how many people are going through significant stages in life without a will. Here are a few questions to ask yourself over the next few weeks, as you reorganize your lifestyle, reprioritize your relationships, and maybe even think about the unthinkable. If you answer ”yes” to any of these questions, then it may be the right time for you to get your will in order.   Q: Do you own any assets? You may own real estate, a savings and checking account, investments, a business, cars, boats, planes, or other personal property. With a Will, you can control who inherits your property after you are gone. If you die without a Will or any other kind of estate planning in place, such as a trust or non-probate transfers, then the Missouri state statutes will govern who inherits your property. Q: D...

Our estate planning division is one of the most active divisions at our Lake of the Ozarks general practice law firm . This is a good thing, because it means people are recognizing the importance of making end of life decisions and getting those wishes in writing. There are several different situations in life that may trigger the need to develop or revise your estate plan. We have talked before about some of them, such as buying your first home or car, receiving an inheritance, and/or starting a business. This week, your estate planning professionals in Osage Beach MO are here to discuss a few other situations that may motivate people to make important end of life decisions. When To Draft (Or Revise) Your Estate Plan Starting A Family Starting a family is a life-changing experience. Your kids will become your whole world - the first people you think about when you wake up in the morning and the last people you think about before going to sleep at night. As parents, you wi...

End of life is something no one wants to think about, but it will inevitably happen to all of us. Being prepared by setting up an estate plan at the Lake of the Ozarks can make things much easier on our relatives after we pass and can ensure that our wishes are met after we are no longer in the physical realm. Many people ask our estate planning attorney in Osage Beach MO when they should set up their estate plan. However, there is not a single right time to do it; every person's situation is different. This week, we want to explore some of the different situations in which you might want to consider setting up your estate plan or, if you already have a plan in place, updating your existing plan to meet your current needs. Events In Your Life That Might Trigger The Need To Have An Estate Plan Include... Buying Your First Car Or Home When you own property, it's important to dictate what should happen to it   when you pass away. Do you want a relative or ...